Crate.io raises $10M to grow its database platform

Crate IO

Crate.io, a startup developing a database platform called CrateDB, today announced that it raised $10 million in additional funding (including $2 million in debt) from Draper Esprit, Vito Ventures, and individual investors. CEO Eva Schönleitner says that the proceeds, which bring the company’s total raised to $31 million, will be put toward expanding Crate.io’s sales teams, the CrateDB ecosystem’s functionality and partner integrations, and the open source developer community around CrateDB.

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80% of tech could be built outside IT by 2024, thanks to low-code tools

Man typing on a keyboard

It looks like no-code and low-code tools are here to stay. Today, Gartner released new predictions about technology products and services, specifically who will build them and the impact of AI and the pandemic. The research firm found that by 2024, 80% of tech products and services will be built by people who are not technology professionals. Gartner also expects to see more high-profile announcements of technology launches from nontech companies over the next year.

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Lack of AI implementation may have cost enterprises $4.26T, Signal AI finds

State of decisions 2021 infographic

Signal AI, which offers a decision augmentation platform infused with AI, interviewed 1,000 C-suite executives in the U.S. for the study. The report found 85% of respondents estimate upwards of $4.26 trillion in revenue is being lost because organizations lack access to AI technologies to make better decisions faster.

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Data flow automation engine Prefect raises $32M

Prefect

Prefect, which was founded in 2018, offers a platform that can build, run, and monitor up to millions of data workflows and pipelines. The company’s hybrid execution model keeps code and data private while taking advantage of a managed orchestration service. Customers can use Prefect for scheduling, error handling, data serialization, and parameterization, leveraging a Python framework to combine tasks into workflows and then deploy and monitor their execution through a dashboard or API.

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People analytics startup ChartHop raises $35M

Charthop

ChartHop, a self-styled people analytics startup, today announced that it raised $35 million in a series B funding round led by Andreessen Horowitz. The capital brings the company’s total raised to over $54 million to date, and CEO Ian White says that it’ll be used to fund expansion through product enhancements, investments in service and support, and go-to-market efforts.

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IBM releases AI model toolkit to help developers measure uncertainty

IBM AI toolkit

At its Digital Developer Conference today, IBM open-sourced Uncertainty Quantification 360 (UQ360), a new toolkit focused on enabling AI to understand and communicate its uncertainty. Following in the footsteps of IBM’s AI Fairness 360 and AI Explainability 360, the goal of UQ360 is to foster community practices across researchers, data scientists, developers, and others that might lead to better understanding and communication around the limitations of AI.

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Bain and Crosspoint Capital acquire ExtraHop in $900M deal

Extrahop

Bain Capital Private Equity and Crosspoint Capital Partners today announced that they’ve entered into a definitive agreement to acquire ExtraHop, a network detection and response (NDR) provider headquartered in Seattle, Washington. As a part of the strategic transaction, which is valued at $900 million, ExtraHop CEO Arif Kareem and cofounders CTO Jesse Rothstein and CCO Raja Mukerji will continue in their respective roles and Rothstein and Mukerji will remain “significant” investors in the company.

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IBM partners with U.K. on $300M quantum computing research initiative

IBM -UK partnership

The U.K. government and IBM this week announced a five-year £210 million ($297.5 million) artificial intelligence (AI) and quantum computing collaboration, in the hopes of making new discoveries and developing sustainable technologies in fields ranging from life sciences to manufacturing.

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Researchers open-source benchmarks measuring quality of AI-generated code

Code conversion

In recent years, large-scale AI language models have shown promise in generalizing to tasks including writing code, implying that humans’ work may be one day supplemented by AI systems. But while some studies show that language models can translate code and fix compilation issues, there’s been little work on rigorously testing the coding ability of models given general coding problems.

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Intel’s image-enhancing AI is a step forward for photorealistic game engines

Intel image enhancing AI

Intel recently unveiled a deep learning system that turns 3D rendered graphics into photorealistic images. Tested on Grand Theft Auto 5, the neural network showed impressive results. The game’s developers have already done a great job of recreating Los Angeles and southern California in detail. But with Intel’s new machine learning system, the graphics turn from high-quality synthetic 3D to real-life depictions (with very minor glitches).

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API vulnerability detection firm Salt Security raises $70M

Salt platform

API discovery and vulnerability detection platform Salt Security today raised $70 million in a series C funding round led by Advent International. The Palo Alto, California-based startup says it plans to use the capital to expand its global operations across R&D, sales and marketing, and customer success.

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No-code cybersecurity platform SpecTrust emerges from stealth with $4.3M

Spectrust

SpecTrust, a San Jose, California-based startup developing a no-code cybersecurity platform, today emerged from stealth with $4.3 million in seed funding led by Cyber Mentor Fund. Founded by employees from ThreatMetrix, eBay, Fastly, and Akama, SpecTrust plans to put the proceeds toward product R&D and global hiring efforts.

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Cognite raises $150M to digitize industrial operations

Cognite

Cognite, an industrial software-as-a-service (SaaS) company, today announced it has raised $150 million in an equity funding round led by TCV at a $1.6 billion post-money valuation. The company says this investment marks one of the largest funding rounds for a SaaS company in Europe and will be used to expand the company’s platform and support hiring efforts.

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AI call center automation company Asapp raises $120M

ASAPP

Asapp, an AI research-driven customer experience company, today announced it has raised $120 million at a $1.6 billion valuation, double its previous post-money valuation. Asapp says it plans to use the capital to support expansion after a year in which it grew roughly twofold.

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Data prep and management platform Data.World raises $11M

Data World

Cloud-based data catalog startup Data.World today closed a $11.05 million growth round led by Dutch chemical company Vopak, a customer. The company says the funds will be used to support expansion, product development, and hiring, as well as new customer acquisition.

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Sosivio nabs $4M for container monitoring and observability

Sosivio cloud

ontainer observability startup Sosivio today announced that it closed a $4 million seed round led by Seamans Holdings, with participation from Superposition Venture Partners and Side Door Ventures. Cofounder and CEO Nuri Golan says that the proceeds will be used to support product launches and allow the company to scale over the next few years.

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LinkedIn open-sources Greykite, a library for time series forecasting

LinkedIn Greykite

For example, LinkedIn says that Silverkite improved revenue forecasts for 1-day ahead and 7-day ahead, as well as Weekly Active User forecasts for 2-week ahead. Median absolute percent error for revenue and Weekly Active User forecasts grew by more than 50% and 30%, respectively.

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